We have
rarely been encouraged and equipped to appreciate the fact that the truth
works… --Toni Cade Bambara

Some
people just don’t want to be confused with facts that contradict their
preconceived opinions or prejudices. There, I said it…AGAIN!

Actor/Pundit/former
US Senator/Probable Presidential hopeful, Fred Thompson wrote a compelling
piece in the Wall
Street Journal that was, sadly, buried in their Saturday edition.

Thompson
observed that tax cuts work. Go figure… The facts are in and the statistical
analysis is irrefutable.

“The
results of the experiment that began when Congress passed a series of
tax-rate cuts in 2001 and 2003 are in. Supporters of those cuts said they
would stimulate the economy. Opponents predicted ever-increasing budget
deficits and national bankruptcy unless tax rates were increased, especially
on the wealthy.”

Guess
what? The partisan opponents were wrong…Big Time. Despite the significant
financial impacts of 9/11, and the subsequent (ongoing) War on Terror,
the deficit (compared to the whole economy) is way below the average for
the past three and a half decades, and will probably result in a surplus
by 2010 (if the pork barrel spending Congress can be reined).

This
is a big deal. Bigger than Don Imus getting hosed by a gutless radio management
cabal…bigger even than the epic hypocrisy of Al (remember Tawana Brawley)
Sharpton contributing to the Imus firings.

The
huge success of the tax cuts will be marginalized, minimized and massaged
like a Bill Clinton peccadillo, but it is HUGE.

Thompson
did a great job of capsulizing the success but you may not get to hear
about it again until he eventually hits the campaign trail.

As the
former Senator/Paul Harvey fill-in noted, “Perhaps the most fascinating
thing about this success story is where the increased revenues are coming
from. Critics claimed that across-the-board tax cuts were some sort of
gift to the rich but, on the contrary, the wealthy are paying a greater
percentage of the national bill than ever before.” Isn’t that what the
dems were itching and moaning about? The rich are actually paying more.

“The
richest 1% of Americans now pays 35% of all income taxes. The top 10%
pay more taxes than the bottom 60%.” Thompson wrote.

The
reason for the result is precisely what supporters were arguing during
the debate. Money has been invested in the economy and has created a vibrancy
projected but discounted by duplicitous democrats.

“Greater
investment has created overall economic strength. Job growth is robust,
overcoming trouble in the housing sector; and the personal incomes of
Americans at every income level are higher than they've ever been.” Thompson
observed. So THERE!

How
will the Pelosi pack attack significant facts in evidence that they were
flat out wrong?

The
tax cutters knew what they were doing because there is a historic record
of empirical evidence to support the position. This really isn’t a partisan
bone. JFK (a democrat) was a supporter of tax cuts and understood that
lower tax rates create economic growth. Calvin Coolidge and Ronald Reagan
(both republicans) likewise ‘got it.’ It ain’t brain surgery.

One
man’s pork is another man’s bacon. In the wake of the partisan shift in
power in Congress, democrats are salivating over the prospect of funding
pork and ignoring the long-term problems they create. Party partisan ‘gotcha’/payback
are more important to the Pelosi crowd than long term economic benefits.

Fred
observed, “This issue is particularly important now because massive, unfunded
entitlements are coming due as the baby-boom generation retires. We simply
cannot afford higher taxes if we want an economy able to bear up under
the strain of those obligations. And beyond the issue of our annual federal
budget is the nearly $9 trillion national debt that we have not even begun
to pay off.”

This
is a good point to send you to ‘The
National Debt Clock’ again. There are over 301,619,715 people in the
United States. Each citizen (man, woman and child) owes $29,472.33.

Since
September 29th, 2006 the National Debt has increased an average of $1.93
BILLION per day. Even by congressional standards, that’s a big bite (and
it continues to accrue).

The
Concord Coalition has been
screaming in the wilderness for years, but the liberal democrats and their
main stream media coconspirators have pooh-poohed the very real threats.

Sen.
Thompson asked, “Those who say they want a "more progressive" tax system
should be asked one question: Are you really interested in tax rates that
benefit the economy and raise revenue--or are you interested in redistributing
income for political reasons?”

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Sadly,
he knows the answer better than most of us. Congress, especially this
‘Bush Bad’/neener-neener collection of partisan hacks, doesn’t care ‘Jack’
about economic strength, as long as they can ‘earmark’ and ‘pork barrel’
their way to sustained incumbency.

"Geoff Metcalf is a nationally syndicated radio
talk show host for TALK AMERICA and a veteran media performer. He has
had an eclectic professional background covering a wide spectrum of radio,
television, magazine, and newspapers. A former Green Beret and retired
Army officer he is in great demand as a speaker. Visit Geoff's